Nevada GOED Board Approves 12 Companies, Creating Nearly 700 Jobs

Includes Polaris Industries

May 2018 Powersport News

Las Vegas/Carson City, NV – The Nevada Governor’s Office of Economic Development board approved applications for 12 businesses, which will bring nearly 700 new jobs and $275 million in capital investments to the state.

“Today’s meeting marks consecutive GOED board meetings to feature one dozen companies either expanding in or relocating to Nevada,” Governor Brian Sandoval said. “This speaks to the economic momentum we as state have built over the past seven years and I was thrilled to see multiple counties, from Northern to Southern Nevada, represented today.”

“The sheer variety of industries covered by these companies underscores the economic diversification occurring across Nevada and contributes to greater sustainability over the long term, which bodes well for all Nevadans,” GOED Executive Director Paul Anderson said.

Companies Approved By GOED Board

Polaris Industries, Inc. – Lyon County (64 jobs and $47,625,545 in capital investment)

Polaris Industries, Inc. designs, engineers, manufactures, and markets powersports vehicles worldwide. The company offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light-duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems. Polaris Industries also produces or supplies various replacement parts and accessories and manufactures, distributes, retails, and installs aftermarket parts and accessories for light trucks, jeeps, sport-utility vehicles and other four-wheel drive vehicles. Polaris Industries was founded in 1954 and is headquartered in Medina, MN. Polaris Industries is considering building a 500,000-square-foot facility in the greater Reno area. The proposed project will establish the company's first western U.S. distribution center. In conjunction with direct jobs, the project will also have significant construction-related activities such as extending utilities, site preparation and the actual construction of the new building.

Advanced Technologies Management, Inc., dba Pictographics – Clark County (27 jobs and $17,561,134 in capital investment)

Advanced Technologies Management, Inc. dba Pictographics, is an industry leader in print technology, utilizing the latest hardware to deliver the highest quality products with environmentally friendly inks and paper. The company produces graphics for events, trade shows, interior design and architectural installations and is also a manufacturer for strategic partners. It has been the principal graphics provider for the Fiesta Bowl, BCS National Championship, NBA All-Star Games, and for key exhibitors at the Consumers Electronics Show (CES) including Intel, Nokia, and LG Electronics. Pictographics plans to expand its existing southern Nevada manufacturing facility in conjunction with leasing or purchasing a second facility.

Axion Corporation – Washoe County (205 jobs and $30,600,000 in capital investment)

Axion Corporation is a provider of satellite-based entertainment services for the consumer and commercial markets. The company is introducing a new entertainment network on the world’s most powerful satellite launched to date and is planned to be the first Multichannel Video Programming Distributor (MVPD) to provide Internet Protocol Television (IPTV) over high-capacity satellites. This is realized by the partnership Axion has formed with Viasat, a leading satellite operator and manufacturer of the latest advanced high-throughput, bi-directional satellites, which allow for high speed & high bandwidth applications. The existing subscriber base of Viasat will enable the company to deliver content to target markets in North America that are currently underserved by existing video service providers. Axion Corporation is considering establishing a facility in Reno, NV. The northern Nevada facility would house the company’s engineering, manufacturing, distribution, headquarters, and satellite support services. The target date for the expansion is fall 2018, with operations to commence in November 2018.

Caremark, LLC – Clark County (102 jobs and $8,000,000 in capital investment)

Caremark, LLC, operates as a subsidiary of the American retail and health care company CVS Health (CVS), and is headquartered in Woonsocket, RI. CVS is a Fortune 10 company and is presently the largest pharmacy chain in the United States in terms of number of locations and total prescription revenues. Caremark offers prescription benefits management services in the United States. The project includes the creation of a prescription management service center. The new facility will support operations for CVS/Caremark and CVS/Specialty, providing pharmacy care services and disease management support for CVS/Caremark members.

Fortress Innovations, Inc. – Clark County (30 jobs and $13,732,079 in capital investment)

Fortress Innovations, Inc. (FI) is a vertically integrated company that will manufacture and sell a proprietary structural wall system named the “1WallSystem which will allow construction to be done faster, stronger, less-expensive and with the highest energy-efficiency and fire ratings in the market. The company will also manufacture steel framing components, steel trusses and distribute a suite of proprietary insulation paints/coatings for commercial, industrial and domestic/residential use that significantly increase energy performance by deflecting 98 percent + of the sun’s heat and ultraviolet rays and significantly reduces acoustic levels while providing a protective “skin” over the structure against the elements over a 25-year life-cycle. Utilizing these technologies and other complimentary advancements, FI will manufacture a suite of 14 pre-designed home designs, multi-family and senior housing and mini-homes. The company has a residential and commercial real estate development company division under “Pardee Estates, Inc” to build custom homes also utilizing these advanced technologies.FI plans to build a 275,000-square-foot permanent manufacturing facility in Southern Nevada

Fulcrum Sierra Biofuels, LLC – Storey County (13 jobs and $26,174,557 in capital investment)

Fulcrum Sierra BioFuels, LLC is a wholly-owned subsidiary of Fulcrum BioEnergy, Inc (FBE). FBE was formed to develop a reliable and efficient process for converting municipal solid waste (MSW) into renewable transportation fuels. Fulcrum Sierra BioFuels existing Feedstock Processing Facility in Storey County processes MSW-derived feedstock to be shredded and compacted for transport to the company's Biorefinery, where it will be converted into renewable transportation fuels, including jet fuel and diesel. The Biorefinery, also in Storey County, will produce transportation fuel that competes directly with high-priced fossil fuels and is expected to have a lower cost, lower carbon, and lower emissions than traditional fossil fuel alternatives. Collectively the Feedstock Processing Facility and Biorefinery will convert approximately 175,000 tons per year of MSW, or household garbage, into approximately 10.5 million gallons per year (800 barrels per day) of renewable Syncrude that will be upgraded and processed into low carbon transportation fuel products. Fulcrum Sierra BioFuels plans to commence the Stage 2 expansion of its Feedstock Processing Facility located in Storey County, Nevada. This will include an additional 29,000 square feet of building to accommodate the installation of additional processing equipment.

KRS Global Biotechnology, Inc. – Clark County (50 jobs and $36,055,000 in capital investment)

KRS Global Biotechnology, Inc. makes custom pharmaceuticals; sterile products such as syringes and IV bags; purified water for drug manufacturing; and a kit used by hospitals and other compounding pharmacies to test their technicians. The company provides its services to patients, surgery centers, ophthalmology clinics, hospitals, universities, and veterinarians nationwide and is committed to being the top provider of these compounding services while developing quality processes that facilitate the highest level of safety for patients of parenteral, enteral, oral and topical preparations. KRS Global Biotechnology is an FDA registered medical device manufacturer and registered outsourcer of human drugs under The Drug Quality and Security Act, a law designed to help protect consumers from exposure to pharmaceutical drugs that may be counterfeit, stolen, contaminated, or otherwise harmful. As a result of the increased demand for the company’s products and services, KRS Global Biotechnology is expanding capacity to provide additional manufacturing, R&D, and warehousing operations. The company was founded in 2001 and is headquartered in Boca Raton, Florida. KRS Global Biotechnology is currently evaluating the construction of a licensed pharmaceutical manufacturing facility. The new facility would be 150,000 square feet of newly constructed space housing new clean rooms, production lines, and warehousing.

Ritchie Bros. Auctioneers (America), Inc. – Clark County (25 jobs and $3,000,000 in capital investment)

Ritchie Bros. Auctioneers (America), Inc. (RBA) is the world's largest industrial auctioneer. The company is headquartered in Burnaby, Vancouver, and has 110 locations in 25 countries and 44 auction sites worldwide. RBA has been operating in the State of Nevada since Oct. 29, 1997. The company operates across multiple sectors including transportation, agricultural, material handling, mining, forestry, petroleum, and marine industries. RBA sells, through unreserved public auctions, a broad range of used and unused industrial assets such as equipment, trucks and other assets utilized in the construction. RBA is expanding its southern Nevada operations to establish a 169,080 square foot warehouse facility that will be used to manage the storage and distribution of equipment. The warehouse will be the central processing center in the region handling storage, logistics, inventory management, auction management, and delivery orders.

Sephora USA, Inc. – Clark County (60 jobs and $102,200,000 in capital investment)

Sephora USA, Inc. is a French chain of cosmetics stores founded in 1969. Featuring nearly 300 brands, along with its own private label, Sephora offers beauty products including makeup, skincare, body, fragrance, nail color, and hair care. Sephora is owned by luxury conglomerate Moet Hennessy Louis Vuitton as of 1997. Sephora USA operates approximately 1,900 locations in 33 countries worldwide, with an expanding base of more than 430 stores across the Americas. The company also has 590 Sephora locations in JCPenney stores across the US. In addition to the company’s number of stores, Sephora offers its products for sale on its website. The U.S. website launched in 1999, and the Canadian version followed in 2003. Sephora USA is considering opening a 715,000-square-foot facility in Southern Nevada. The proposed project will be a new regional distribution center shipping product to stores and customers located in 11 western states.

3PEA International, Inc. – Clark County (35 jobs and $1,028,000 in capital investment)

3PEA International, Inc. designs and develops payment solutions, prepaid card programs, and processing services under the PaySign brand name for corporate, consumer, and government applications. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign platform, a proprietary card processing platform. 3PEA International customers include healthcare companies, major pharmaceutical companies and source plasma providers, large multinationals, prestigious universities, and social media companies. In order to accommodate its southern Nevada expansion plans, 3PEA International is seeking to relocate from its current 11,541-square-foot space to a 21,000-square-foot facility. To support its growth plans the company’s priority is to hire from within Nevada.

Alpha Guardian – Clark County (35 jobs and $181,530 in capital investment)

Alpha Guardian is a leader in the residential safe, security and storage industry. The company was established in August 2017 following the announcement that MidOcean Partners was partnering with Cannon Safe, Inc. and simultaneously combining it with Stack-On Products to create a market leader in the residential safe and secure storage sector. Cannon and Stack-On bring together two highly complementary operations. Cannon Safe has been in business since 1965 and has long been recognized as an industry-leading manufacturer of high-quality products including largescale safes, personal safes, home security products and quick access safes under the Cannon Safe, GunVault and Cannon Security Products brand names. Stack-On, based in Illinois, was founded in 1972 and has had over 45 years of proven success in manufacturing and distribution of home safes, gun security products, garage storage and organizational products under the Stack-On Products, Sovereign and Sentinel brand names. The union of Cannon and Stack-On creates a market-leading platform that dramatically expands the company’s presence in the residential safe and secure storage markets. It also enables Alpha Guardian the ability to offer a more robust portfolio of products to retailers and consumers. Alpha Guardian is planning to expand its current Nevada operations. The company is currently renting a 24,000-square-foot facility in Southern Nevada. The planned expansion will require a facility of at least 100,000 square feet. The new facility will house the company's corporate operations.

Cannae Holdings, Inc. – Clark County (50 jobs and $4,582,500 in capital investment)

Cannae Holdings, Inc. is a diversified investment company headquartered in Las Vegas. The firm primarily invests in restaurants, technology-enabled healthcare services, financial services and more. Cannae's strategic acquisitions contain a mix of majority and minority-owned businesses with significant underlying value. In 2015, Cannae Holdings, then known as Fidelity National Financial Ventures, LLC, relocated its headquarters to Las Vegas from Florida. The company has subsequently added or relocated approximately 20 high-level executives and employees to Nevada and now major company decisions are made from the Las Vegas location. Cannae Holdings is considering building a headquarters operation adjacent to its existing Las Vegas facility. The company would seek to primarily hire financial, information technology and accounting personnel to support its headquarters operations. The new facility is expected to be ready by late 2018 or early 2019 with hiring expected to commence in late 2018.

More information on the Governor’s Office of Economic Development can be viewed at

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